Sell Private Mortgage

828-689-4683 or 877-655-5625

Private Mortgage Note Buyer

Great Pricing – Get Quotes From Others and Then Call Us. For Situations That Fit Our Portfolio, We Nearly Always Offer A Much Higher Price

1-828-689-4683 or 1-877-655-5625

Ask For Ron Stone

Submit an Online Quote Request

Our company is a private mortgage buyer. We purchase residential and commercial notes, trust deeds, land contracts and contract for deeds. We also can help you sell commercial deed of trust and commercial notes. We can provide you with a lump sum cash a your monthly income stream (Closings in as little as 2 weeks) or or a partial purchase of an income stream for a lower discount. This immediate infusion of cash can allow you to:

Pay for college tuition
Take advantage of a lucrative business or investment opportunity
Purchase a new home
Pay off debt
Estate planning & distributions
Or simply to remove the risks and hassles of holding a mortgage note

“Not only was Ron’s initial quote considerably higher than other quotes I received, he took the time to fully understand my situation as well as explain the process of pricing and selling. He then proceeded to do exactly what he said he would do, despite quite a few complications (not his fault) that arose. Ron earned my trust, which isn’t easy to do. I would use him again even if his quote was lower than others. Great friendly service and he’s easy to work with.” Jim S., Bloomingdale, GA

Private mortgage buyer that will consider income streams on most all residential and commercial properties. A list of types of properties is just below.

Following is a partial list of purchases- Non-Seasoned (in many states after the first payment is made), Partial Note Purchases, business property notes with Trust Deed- Don’t hesitate to call with questions.

Single family residences, Duplexes, Condos, Town Homes, Apartment Buildings, Commercial Buildings, Land (either improved or unimproved, meaning no utilities), and Mobile Homes with Land. Sorry but we Do Not purchase notes on Mobile Homes without land. We can however help you if you need to sell a commercial deed of trust and monthly payments.

FAQ’s – Private Mortgage Note Buyer

What are the advantages of selling an owner financed mortgage?

The two biggest advantages are a) Accessing the cash now for critical investments or expenses and b) Eliminating the hassles of managing the borrower’s payments and reporting.

What are the criteria for how much I will receive for my income stream?

There are 4 main factors. They are: Equity in the property, seasoning (how long the borrower has been paying, the interest rate and lastly the credit of the borrower.

Will an appraisal be necessary?

Yes, sometimes just a BPO (Realtor valuation).

Will you need to check the borrowers credit?

Yes, it is a very important factor indetermining the lump sum payment.

How long does it typically take to receive my cash?

Typically 2 to 3 weeks after we receive your documents.

Are you a buyer of mobile home mortgages?

Yes, if they include the land.7. Are you commercial note buyers? Yes, call us if you need to sell commercial Deed of Trust and Note.

What if I don’t know the credit of the borrower?

We will quote you an estimated lump sum settlement based on your best guess and adjust (up or down) the final payment after credit is pulled.

Do you buy Contract for Deeds?

Yes

Are you also trust deed buyers?

Yes

I would like cash for some payments for some extra cash but am afraid of loosing all the monthly income?

Not to worry. We can make a partial purchase of your payments just the amount you need.

What is the minimum size you will buy?

$25,000.

Can I call if I only have questions about selling my mortgage?

Absolutely. We are here for you. Check out our Hints page for our suggestions (Free of charge) on managing owner financed notes.

We are available 7 days a week for questions

Interesting but scary Video from Glenn Beck

A little video about Pricing and Discounting

If you are interested in selling your monthly real estate payment stream and have done much research, you probably know by now that the industry purchases these at varying discounts. You’re probably wondering what is the discount will be. I’m asked the question of “how much are notes discounted?” quite often. You probably also can’t find such a number anywhere. There is a very good reason for this. It varies. Actually, it varies a lot.

First, every buyer has his or her own set of return targets, some significantly higher than the industry average. Secondly, the actual discount rate on the cash flow is set based on the perceived risk of that particular situation. Third, there is the pure mathematical calculation for the discount. Allow me to explain.

Let’s use a discount rate of 10% to calculate a purchase price of 3 theoretical streams of pmts. Please understand that a 10% discount rate does not mean you take the balance and take 10% off of it for a price. What it means is you use that rate for discounting the future income stream, essentially calculating the net present value of a stream of payments over time. The key thing to remember is the further out you have payments, the larger the discounts will be. Below are the three examples. All assume an original balance of $100,000 and that 2 years of payments have been made.

Note #1 – 8% interest and an amortization period of 15 years. The payment is $955.65. The current balance is $92,505.69. Discounting to the remaining 156 payments, you receive (before closing costs which are handled differently by each purchaser) $83,255.70.

Note #2 – 8% interest and an amortization period of 30 years. The payment is $733.76. The current balance is $98,259.94. Discounting the remaining 336 payments, you receive (before closing costs which are handled differently by each purchaser) $82,634.77. Notice, despite there being a lot more payments, the price is lower.

Note #3 – 6% interest and an amortization period of 30 years. The payment is $599.55. The current balance is $97,468.24. Applying the discount to the remaining 336 payments, you get (before closing costs which are handled differently by each buyer) $67,519.90. That’s a huge difference due simply to the math calculating the discount on the future income stream.

So there you have it, how Note Discounting works. I hope this was helpful.

US Funding Solutions